Deficit Commission

WASHINGTON (AP) — The co-chairman of President Barack Obama's deficit commission is blasting the political brinksmanship surrounding the "fiscal cliff" as "stupidity." Former Sen. Alan Simpson tells NBC's "Today" show that "a blend" of revenue increases and spending cuts will be needed to head off the tax hikes and automatic cuts set to take effect in the new year. Simpson says Congress "put the chain on their own ankle" and it's ridiculous for Democrats and Republicans to speculate on which party would suffer more if a compromise is not reached.